Electronic purchasing and spend management software company SciQuest (NASDAQ:SQI) reported a third quarter loss of $1.8 million, which the company attributed to the expected impact of its recent acquisitions.

SciQuest CEO Stephen Wiehe said Colorado and Oregon are the only states that have not followed through on implementing the software after initially signing up. He said the risk other states would do the same is low.

Dennis Gillings, who started Quintiles in a trailer more than 30 years ago, rings the opening bell on the New York Stock Exchange today to celebrate the giant's return to public markets. Stephen Wiehe, who led SciQuest through a similar private-to-public Odyssey, recalls the "humbling" ringing bell honor.